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There's nothing like financial Armageddon for reviving the work of an old economist. Amid the recessionary doom and gloom, the world has channeled Adam Smith, dusted off John Maynard Keynes and revisited Eugene Fama. In recent days, it's been James Tobin's turn. Close to four decades since the Yale economist proposed a levy on foreign-exchange transactions - or a "Tobin tax," as the suggestion became known - the idea is enjoying a new lease of life. At a meeting of G-20 finance ministers last weekend, British Prime Minister Gordon Brown suggested the group of leading countries consider...

Author: /time Magazine | Title: Britain's Idea to Tax Financial Transactions | 11/13/2009 | See Source »

...science is evolving - it's so new that black carbon wasn't even listed as a warming agent in the most recent report from the Intergovernmental Panel on Climate Change - but it cannot be ignored. Black carbon is already having an impact on the ice atop the Himalayas, the massive glaciers that feed the major rivers of Asia when they melt each spring. Thanks to global warming, these glaciers are receding, threatening the long-term water supplies for the region. Ramanathan, Wilcox and an Indian glaciologist Syed Iqbal Hasnain are working to figure out the impact of black carbon...

Author: /time Magazine | Title: Black Carbon: An Overlooked Climate Factor | 11/13/2009 | See Source »

...recent years, Dashboard Confessional has balanced its identity between two disparate sounds: urgent punk—like breakthrough single “Hands Down”—and lovelorn, acoustic balladry, such as the early fan-favorite “Screaming Infidelities.” Carrabba’s newest effort. “Alter the Ending,” strikes a middle ground between these two extremes, but the final product is somewhat inconsistent; “Alter the Ending” excels in the realm of emotional power ballads but also contains a great deal...

Author: By Zachary N. Bernstein, CONTRIBUTING WRITER | Title: Dashboard Confessional | 11/13/2009 | See Source »

...majored in math.) There is a "master teacher" program nationwide that provides mentoring for younger teachers. Zhang Dianzhou, a professor emeritus of mathematics at East China Normal University in Shanghai who co-chaired a committee charged with redesigning high school mathematics programs across the country, says recent changes have begun to reflect more of a "real-world emphasis." Computer-science courses, for example, have been integrated into the math curriculum for high school students. And China is placing even more importance on teaching young students English and other foreign languages. If you think China's willingness to constantly fine-tune...

Author: /time Magazine | Title: Five Things the U.S. Can Learn from China | 11/12/2009 | See Source »

...also unclear whether the sex-worker circuit would even be legal. Prostitution is a civil offense in Mexico City, and recent efforts to legalize it have gotten snared in legislative gridlock. Torres argues, however, that the rules are ambiguous and that international labor laws recognize sex work as legitimate employment. Further, prostitution zones have long been tolerated along some parts of the Mexico-U.S. border, providing havens for gringo truck drivers and young Texans looking to lose their virginity...

Author: /time Magazine | Title: Does Mexico City Need a Red-Light District? | 11/12/2009 | See Source »

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